S&P 500 2922,94 -30,97.
The stock market traded higher during most of the day before suffering selling pressure at the bell, as measured by our buying/selling index. For the second day on a row options traders were betting agressively on the upside by buying calls, bringing one of our favorite put/call ratio into the red zone. Breadth closed slightly down: 1595 stocks advanced compared to 2282 that settled down. Most of our indicators are neutral to slightly negative.